Archives

Home

Media Center

Financial News

13-05-14

UAE's Aldar revenue to boom in H2

(MENAFN) UAE-based Aldar Properties is expected to make a significant growth in revenue after paying for the completion of its projects over the following half, according to Arab News. Abu Dhabi's real estate market dropped by over 50 percent from its highest record in 2008 after a bubble occurred in the wake of the global financial crisis. After the global financial crisis, Aldar received around USD10 billion from the government in exchange for assets to help manage a significant amount of debt. Prices recovered strongly in 2013, boosting some 25 percent, on the back of a series of market-boosting measures by the government.